Description

Point-of-sale (POS) terminals market has gained significant momentum in recent years due to the ease of use and improved return on investment being offered by these systems. POS terminals have wide range of applications including payments, printing bills, inventory management and carrying out loyalty programs across various end-use verticals such as retail, hospitality and entertainment. The advanced POS systems offer higher reliability and durability as compared to traditional systems such as cash registers. The higher reliability of modern POS systems leads to significant reduction in total cost of ownership (TCO) and this in turn is aiding the growth in demand for POS solutions in small and medium size businesses. Mobile POS (mPOS) terminals have emerged as a contender for replacing the current transaction and payment techniques owing to its improved features such as mobility and better user experience. Mobile POS allows sales and service industries to conduct financial transactions at customers place, improving customer experience leading to free up valuable apace for business. Further, mobile POS terminals have low initial cost as compared to traditional fixed POS terminals systems leading to increasing demand from small and medium sized businesses. Further, hospitality and retail sector are experiencing significant growth in demand for mPOS solutions driven by improved return on investment and increased demand for customer analytics features.

The research report on the point-of-sale (POS) terminals market provides a detailed analysis of POS systems and helps in understanding driving forces behind the popularity of these systems across various end-use industries. It also provides an analysis of major sub-segments of the POS market for the years from 2012 to 2020. The report includes extensive analysis of the industry drivers, restraints, opportunities and market trends. The study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. This research study focuses on market data and insights, including the size and growth of the POS terminals market. The report provides a thorough analysis of the emerging industry trends and the prevailing state of the market. It offers a comprehensive coverage of the underlying technological and economic factors influencing the POS terminals business. The prevalent competition in the market is identified through market share analysis of key players in the market. Furthermore, the value chain analysis and Porter’s five forces analysis are included in the report, aiming to provide strategic insight across the supply chain of the POS terminals market. Additionally, the report also includes profiles of major market participants for better understanding of their contributions. The company profiles include overview of company, revenue, strategies followed by them for gaining competitive advantage and recent developments.

The report segregates the market based on type, components, applications and geography. POS terminals market has been categorized into two types’ namely fixed POS terminals and wireless and mobile POS terminals. Components in the POS terminals market have been categorized into POS hardware and POS software. The study offers a complete understanding of different application sectors of POS terminals. The report includes various application areas of POS terminals such as restaurant, hospitality (lodging), healthcare, retail, warehouse / distribution, entertainment and others. Others segment includes application of POS in sectors such as field service, government, transportation, etc. The report aims to provide a comprehensive cross-sectional analysis of the component, type and application segments across North America, Europe, Asia Pacific and Rest of the World (RoW).

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Free Market Analysis

Point-of-sale (POS) terminals are used for making payments, printing bills, inventory management and carrying out loyalty programs across various end-use verticals such as retail, hospitality and entertainment. POS terminals are increasingly finding growth in demand as these products enable ease of making payment and offer low total cost of ownership (TCO). The global POS terminals market was valued at USD 36.86 billion in 2013 and is expected to grow at a CAGR of 11.6% during the forecast period 2014 – 2020.

The high adoption of POS terminals across the retail, hospitality, healthcare, and warehouse / distribution industry is driven by ease of use and high return on investment. . Types of POS terminals include fixed POS terminals and wireless and mobile POS terminals. Mobile POS (mPOS) offers many advantages over fixed POS such as low cost and enhanced mobility. Further, it offers ease of use, as any mobile or tablet can be converted into mobile POS by simply attaching a reader with it. Thus, mPOS terminals are expected to experience high growth in demand over the coming years. Components of POS systems include hardware and software. POS hardware devices include payment terminal (reader), workstation and accessories (receipt printer, cash drawer, bar code scanner, wireless bar code scanner, physical inventory scanner, PIN pad, and tag printers).

POS applications include use of POS terminals in restaurant, grocery/supermarket, hospitality-lodging, healthcare, retail, warehouse/distribution, field service, and government. Retail was the largest application segment for the POS terminals in 2013. Fast bill processing, maintaining customer database, data backup, inventory management, offering special discounts and managing loyalty program of retail store are some of the major functions carried out by POS terminal systems. In recent years, various advancements in POS terminal systems such as adoption of real time analytics features are being observed and are leading to the growth of overall POS terminals market. Adoption of POS terminals across healthcare industry along with their growing use in warehouse management is expected to drive the market in future.

In 2013, North America was the largest market for POS terminals in terms of revenue. The region has experienced significant adoption of POS terminals across various industries such as retail and entertainment. Continuous demand for POS solutions across countries such as Canada and the U.S. is attributed to significant growth of retail stores, quick service restaurants and casinos in the region. In Europe, compliance requirements such as EuroPay, MasterCard and Visa (EMV) regulation are driving the growth of POS terminals market as these have enhanced the security of payments. Germany, France, and UK are experiencing significant growth in the POS terminals market for healthcare application due to significant investment in technology to upgrade healthcare facilities in these countries. Asia Pacific region is expected to be the fastest growing region owing to expanding retail and hospitality sectors in China and India. Demand from countries such as Japan, China, India, Hong Kong and Australia is expected to drive Asia Pacific market in coming years. Increasing demand for mobile POS from small and medium size businesses is expected to further drive the growth POS terminals market in rest of the world (RoW) region. Wal-Mart and other big retail chains are expanding their business in Latin America and this has led to growing demand for POS solutions in the region.

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